|Bid||23.45 x 1100|
|Ask||23.47 x 800|
|Day's Range||22.76 - 23.56|
|52 Week Range||13.56 - 26.53|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||7.17|
|Earnings Date||Feb 05, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||28.40|
Rating Action: Moody's assigns B2 to Post Holdings' $1.8 billion unsecured notes offeringGlobal Credit Research - 24 Feb 2021New York, February 24, 2021 -- Moody's Investors Service, ("Moody's") has assigned a B2 rating to proposed $1.8 billion of senior unsecured notes due 2031 being offered today by Post Holdings, Inc. ("Post"). All other ratings, including the company's B1 Corporate Family Rating and Ba1 senior secured debt rating, are unchanged. The outlook is stable.The offering is modestly credit positive because it will extend Post's maturity profile and Moody's anticipates that it also will reduce cash interest costs without materially affecting financial leverage.The following ratings/assessments are affected by today's action:New Assignments:..Issuer: Post Holdings, Inc.....Senior Unsecured Notes, Assigned B2 (LGD4)RATINGS RATIONALEPost's B1 Corporate Family Rating reflects its growth-through-acquisitions strategy and related periods of high financial leverage, and is supported by the strong, consistent operating cash flow generated by its highly profitable ready-to-eat (RTE) cereal business, which generates about 40% of sales.
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Hosting the call today from BellRing Brands are Darcy Davenport, president and chief executive officer; and Paul Rode, chief financial officer. Good morning, and thank you for joining us today for BellRing Brands' first-quarter fiscal 2021 earnings call. With me today are Darcy Davenport, our president and CEO; and Paul Rode, our CFO.